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The 80/20 Principle: The Secret to Achieving More with Less
A book primarily focused on the 80/20 Principle, which asserts that roughly 80 percent of outcomes stem from only 20 percent of causes. The author, Richard Koch, introduces this concept, crediting its discovery to Italian economist Vilfredo Pareto, and expresses gratitude to collaborators who helped bring the book to fruition. The material explores the principle's wide-ranging applications, detailing its historical use in the quality revolution, its relevance to corporate strategy, and its potential for improving personal effectiveness and happiness through highly selective focus. The text utilizes charts and numerical examples to illustrate the predictable imbalance—or nonlinearity—that characterizes economic activity and life generally, contrasting it with traditional linear thinking.
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Published on 2 weeks, 1 day ago